iRhythm Technologies (IRTC) Tops Q3 EPS by 2c

iRhythm Technologies (NASDAQ: IRTC) reported Q3 EPS of ($0.43), $0.02 better than the analyst estimate of ($0.45). Revenue for the quarter came in at $38.1 million versus the consensus estimate of $35.88 million.

Guidance:

iRhythm projects revenue for the full year 2018 to range from $142 to $144 million, inclusive of ASC 606, which represents 49% to 52% growth over the company’s prior year, as adjusted and presented on a non-GAAP basis to show the effects of ASC 606. Gross margins for the full year 2018 are expected to range from 73.5% to 74.5% and operating expenses for the full year 2018 to be between $147 to $149 million. This compares to previous revenue guidance of $138 to $141 million, gross margins of 73% to 74% and operating expenses of $143 to $147 million.

(Street sees FY revenue of $140.73M)

For earnings history and earnings-related data on iRhythm Technologies (IRTC) click here.

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